On 24/04/2010 12:35 AM, jps wrote:

This is an excellent monologue by Bill Maher on American debt...

http://videos.mediaite.com/embed/pla...G6MZ081W3BC750

That was good! To the point, I like the satirial humor he has. In
Canada he would be called a baby killing anti-christ for suggesting
smaller government. But it is a coming. Wish our government controlled
media up here would put on his show.

http://www.federalbudget.com/

http://news.bbc.co.uk/2/hi/business/8518438.stm

So how is the government making ends meet? Scary, but they just create
the money on the Federal reserve and loan it back to themselves. How
long that will go on is anyones guess, but the results are historiccally
hyper-inflationary.

The Chinese Yuan is strong, and being pegged to the USD helps prop up
the USD. Think, China has more control over US currency than does
Obama, the price of debt worship.

While technically I think the situation can be reversed, factoring in
politics and the lack of reality of the masses of voters, might as well
plan for the worst and hope the leftist big spenders come to grips with
reality. USA is broke.

--
Socialism and statism are great as long as someone else pays for it.